DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty”) announced today the pricing of an underwritten public offering of an aggregate of 12,299,996 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (“Riverstone”), at $15.60 per share. Upon the closing of this offering, Riverstone will have fully exited its investment in Liberty. Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
Morgan Stanley is acting as the underwriter for the offering.
The offering of these securities will be made only by means of a prospectus supplement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering, as well as copies of the final prospectus supplement once available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado.
Forward-Looking and Cautionary Statements
The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 24, 2021, and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.
Michael Stock
Chief Financial Officer
303-515-2851
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty”) announced today the commencement of an underwritten public offering of an aggregate of 12,299,996 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (“Riverstone”). Upon closing of this transaction, Riverstone will have fully exited its investment in Liberty. Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
Morgan Stanley is acting as the underwriter for the offering.
The offering of these securities will be made only by means of a prospectus supplement. When available, a copy of the prospectus supplement and the accompanying base prospectuses may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado.
Forward-Looking and Cautionary Statements
The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 24, 2021, and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.
Michael Stock
Chief Financial Officer
303-515-2851
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Zen Welcomes New CEO with Significant Sustainability Aspirations
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Zen Ecosystems announced today that Wannie Park has been named CEO, succeeding James McPhail as he moves on to other ventures.
A seasoned executive with more than 20 years of experience in energy, renewables, IoT, and SaaS, Wannie will take on scaling sustainability as a service across multiple markets and verticals and continue to build Zen’s customer-centric solutions focused on reducing energy consumption and cost while maximizing the use of renewable energy resources. He’s passionate about leveraging technology to make a tangible impact against climate change by redefining the way businesses interact with energy. Check out his full bio here.
“Zen is ideally positioned at the epicenter of global sustainability efforts,” said Gerd Goette, Zen's Board Chairman. He continued, “Wannie’s passionate focus on sustainability is driving the partnerships that support Zen’s mission of providing businesses with the tools to reduce greenhouse gas emissions.”
With his battle-tested experience and leadership in the sustainability industry, fusing these ideas with Zen’s core mission is a top priority. Zen will continue to streamline the management of energy reduction and cost savings while reducing greenhouse gas emissions for their customers with their award-winning Zen Thermostat and Zen HQ. Upcoming partnerships and services that are in production will further assist the ease of implementing sustainability practices for small to medium businesses.
About Zen Ecosystems
Zen Ecosystems provides an intelligent energy management platform that helps small to medium-sized businesses take control of their energy usage while meeting sustainability goals. Zen HQ provides insights and control over commercial energy usage while delivering the fastest payback in the market. The Zen Thermostat is a beautiful, simple connected device for home and business that also enables multi-system operators to enhance the customer experience. Zen Ecosystems was recognized in 2018 as the Gold Stevie Award Winner for Energy Industry Innovation of the year. In 2020, their Zen Loop was recognized by the American Business Awards with a Bronze Stevie Award in the Energy Innovation of the Year as well as a Bronze Stevie Award in Company of the Year in Energy. Zen was also awarded for Global Sustainability Leadership by the Business Intelligence Group. In 2021, Zen was honored as the Gold Stevie Award Winner for Company of the Year in Energy. Learn more at http://zenecosystems.com.
Nicole Ricouard
Marketing Director
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zenecosystems.com
VIENNA--(BUSINESS WIRE)--RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, together with the largest energy provider in Austria, Wien Energie, have announced the successful launch of a blockchain-powered energy tokenization platform called MyPower. The platform puts everyday consumers in charge of a co-created energy future by offering micro-investments and the tokenization of produced kilowatt-hours (kWh).
“Local energy communities and microgrids are expected to play an increasingly important role in addressing climate change challenges and the transition towards renewable and sustainable energy systems,” said Michael Strebl, CEO of Wien Energie. “However, the current market structure is inadequate to realise this vision, as consumers are practically excluded from participating in energy production and settlements. Blockchain has the potential to transform consumers into prosumers and active participants in the energy network.”
With the MyPower platform, which combines RIDDLE&CODE’s deep next-gen technology expertise with Wien Energie’s industry know-how, the two companies have managed to bridge this gap. As part of the project, RIDDLE&CODE Energy Solutions provides key management, tokenization and custody services and utilises Intel® Software Guard Extensions (Intel® SGX) to deliver the highest level of security.
The blockchain-powered platform enables consumers to participate in both energy consumption and production and benefit from using green energy. MyPower tokenizes solar photovoltaic (PV) assets and allows consumers to purchase shares in PV plants across Austria. At the MVP stage of the project, shares of a small, local PV plant were sold to a limited number of consumers. In return for their participation, consumers received a certain number of tokens, based on the amount of energy produced by the PV plant. The accumulated tokens could then be used for various purposes, such as paying electric bills.
“Confidential computing with Intel® Software Guard Extensions enables companies to leverage the benefits of confidential computing and allows data owners to remain in control of their sensitive data,” says Paul O’Neill, Senior Director, Business Development in Intel’s Confidential Computing Group. “RIDDLE&CODE's launch with Wien Energy demonstrates how Intel® SGX can help to deliver the security foundation needed to build and deploy a new era of dynamic and cost-effective networks. Intel® SGX offers hardware-based memory encryption that isolates specific application code and data in memory. Intel® SGX allows RIDDLE&CODE to allocate private regions of memory, called enclaves, which are designed to be protected from processes running at higher privilege levels.”
“Through the tokenization of both digital and physical assets, RIDDLE&CODE enables new business models in the financial, mobility and, of course, energy industries,” said Thomas Fürstner, Founder and CTO of RIDDLE&CODE. “Together with Wien Energie, we will unlock the full potential of the energy marketplaces and provide consumers with a platform that is both flexible and trustworthy.”
Please download related images to use in your articles from www.riddleandcode.com//press-mypower.
RIDDLE&CODE Energy Solutions
RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, provides the blockchain-powered infrastructure that enables resilient, low-cost and green electricity production and builds a foundation for a decentralised urban energy marketplace.
More information: www.riddleandcode.com
Wien Energie
Wien Energie is one of Austria’s largest utility providers, responsible for ensuring the reliable and eco-friendly supply of electricity, natural gas and heating to around two million people, 230,000 businesses and industrial facilities, and 4,500 farms in the Greater Vienna metropolitan area. Wien Energie is also involved in a number of projects at European level.
More information: www.wienenergie.at.
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Combination Creates Expansion Opportunities, Enhances Supply Chain for Customers
HOUSTON--(BUSINESS WIRE)--#Flanges--AFG Holdings, Inc. (“AFG” or the “Company”) today announced that it has acquired Maass Flange Corporation, the North American assets of Maass Global Group, including its businesses in Mexico and Canada. Maass Flange Corporation is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.
“Maass’ market-leading positions in stainless and nickel alloys aligns well with AFG Holdings’ market leadership in carbon flanges, creating combined bundling opportunities through a unified supply chain while reducing costs for our customers,” commented Joe Jenkins, President of AFG Holdings’ Aero & Industrial division, including Ameriforge and Steel Industries.
The entity will be called ‘Ameriforge LLC’ and will be led by Alex Maass. The acquisition includes all Houston-area facilities, Canada and Mexico. Ameriforge can now offer unparalleled products and capabilities across the spectrum of all forged products—everything from carbon and high yield to specialty alloys—along with complementary products over a uniquely broad spectrum of material grades and dimensions.
About AFG Holdings, Inc.
AFG Holdings, Inc. is a fully integrated OEM providing differentiated technology, products, and services. The Company maintains a market-leading position in many of its businesses, including aerospace, general industrial, oil and gas, and power generation.
About Maass Global Group
The Maass Global Group is a third-generation family company, headquartered in Essen, Germany, focused on alloy, stainless steel and high nickel flange production and complementary products and dates back over 70 years. The Group has operations and production facilities in Germany, the United Kingdom, the Netherlands, India, Dubai, Singapore and Shanghai.
Christine Mathers - Vice President, Marketing & Communications
AFG Holdings, Inc. | 713.393.4361 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Equipped with Velodyne Puck™ Sensors, Seabed Mobile Mapping Systems Support Marine Environment Protection and Sustainability
SAN JOSE, Calif.--(BUSINESS WIRE)--#VelodyneLidar--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced Seabed B.V., which specializes in high quality equipment for offshore surveying and dredging, has selected Puck™ sensors for its lidar mobile mapping system. The Seabed system is a turnkey mobile lidar solution for hydrographic surveys that can support sustainable planning which aims to protect sensitive historic and marine environments.
The Seabed lidar system, equipped with a Puck sensor, provides complete above water point cloud data and can operate in harsh maritime conditions. The system conducts 3D data capture of intricate measurements of inshore, nearshore and inland waterways from up to 100 meters away. It is designed to be simple to mobilize and easy to use without the need for specialized training or qualifications, delivering rapid results that can save time and money.
The Seabed lidar system can be combined with a bathymetric multi-beam echo-sounder to provide a complete 3D, georeferenced image above and below water. The data can be used to rapidly inspect structural integrity of bridges, dams and piers, and be a resource for preservation and sustainability planning. Regular inspections of bridges and waterways are also important to improve navigation safety, especially in high traffic areas where the depth is shallow.
“We selected Velodyne’s Puck because it produces the high quality, consistent data our customers need,” said Elice Collewijn, General Manager, Seabed, which is based in Amsterdam, The Netherlands. “The Puck has demonstrated outstanding reliability and power efficiency while operating in severe offshore situations. The sensor allows us to capture vital, high-resolution data to accurately measure and analyze marine environments.”
“Seabed is helping companies transform their businesses with offshore 3D mapping solutions which can deliver highly accurate, detailed data collection to support safe navigation and protection of marine environments,” said Erich Smidt, Executive Director Europe, Velodyne Lidar. “Their solutions demonstrate how Velodyne’s sensors provide the performance, range and compact form factor needed for versatile mobile mapping systems that can enable a sustainable future.”
Velodyne Puck compact, versatile sensors deliver a high-resolution image to measure and analyze a variety of environments. They provide high quality resolution and performance along with a full 360-degree environmental view to deliver real-time 3D data. The Puck has best-in-class power efficiency, which advances the travel range and sustainability of applications.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.
Forward Looking Statements
This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," “can,” "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; uncertainties regarding government regulation and adoption of lidar; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Velodyne Investor Relations
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First CSP Plant in Latin America to Provide 100% Renewable Energy on 24-Hour Basis
Facility to Supply Chilean National Electrical System with Flexible, Reliable and Safe Energy
WASHINGTON--(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the inauguration of the Cerro Dominador solar complex following a successful synchronization with the Chilean National Electrical System. Cerro Dominador is wholly-owned by funds managed by EIG.
Located in the heart of Chile's Atacama Desert, one of the best locations in the world for solar generation, the complex comprises a 110 MW CSP plant and a contiguous 100 MW photovoltaic (“PV”) plant that has been operational since 2017. The CSP plant runs on cutting-edge technology that uses solar energy to heat molten salt, which is then stored in large tanks to be used to generate electricity through a steam turbine. This technology provides up to 17.5 hours of energy storage thereby enabling the production of 100% renewable energy 24-hours a day, seven days a week. The complex can offset approximately 640,000 tons of CO2 emissions per year and generate enough energy to power approximately 380,000 homes.
R. Blair Thomas, Chairman & CEO of EIG, said, “We are proud to support this groundbreaking project, which will provide the Chilean national grid with flexible, safe and reliable renewable energy and contribute meaningfully to reducing CO2 emissions in Chile. The project is fully aligned with our ESG goals and priorities and is helping to lay the groundwork for a low carbon future through the production of clean, reliable and cost-effective energy. We are committed to continued investment in future CSP projects in Chile and other parts of the world.”
To commemorate the inauguration of the solar complex, Cerro Dominador hosted a ceremony at the facility that was attended by President Sebastián Piñera of Chile, Juan Carlos Jobet, Chile’s Minister of Energy and Mining, Carolina Schmidt, Chile’s Minister of the Environment, and other leading government officials. Mr. Thomas and Fernando Gonzalez, Cerro Dominador’s CEO, also participated.
About EIG
EIG is a leading institutional investor to the global energy sector with $21.7 billion under management as of March 31, 2021. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $37 billion to the energy sector through more than 370 projects or companies in 37 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
About Cerro Dominador
Cerro Dominador owns the Cerro Dominador Solar complex, with 210 MW of capacity, combining a 100 MW photovoltaic plant, and the first solar thermal plant in Latin America with 110 MW of capacity and 17.5 hours of thermal storage. The company, owned by funds managed by EIG, seeks to contribute to the transformation of the energy matrix by developing renewable energy projects. With innovation, Cerro Dominador creates renewable energy projects that are flexible, manageable and sustainable.
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María José López
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Corporate Affairs Director
Cerro Dominador
Second helium purification facility fully commissioned and new discovery sets foundation for a third facility
CALGARY, Alberta--(BUSINESS WIRE)--#NAH--North American Helium Inc. (“NAH” or the “Company”) today provides a corporate and operational update on recent substantial achievements by the Company.
Commenting on today’s announcement, Mr. Nicholas Snyder, Chairman and Chief Executive Officer stated, “I’d like to congratulate our team on the completion and successful start-up of the Battle Creek helium plant. Bringing a facility like this online ahead of schedule and under budget despite numerous challenges from the global pandemic is a significant achievement. Like our first plant at Cypress, the offtake from the Battle Creek facility has been pre-sold on long-term contracts, with a Tier 1 global industrial gas company as the anchor customer.
“The security and sustainability of supply chains for critical inputs like helium are now in the forefront for many stakeholders, especially semiconductor manufacturers who represent the fastest growing segment of global helium demand. With production of helium from legacy hydrocarbon projects in decline and major initiatives underway to grow domestic semiconductor manufacturing, North America is unfortunately now on a path to become a net importer of helium in the coming years. With global helium supply shifting to less geopolitically secure regions, it has never been more important to responsibly develop new sustainable sources of helium supply in the US and Canada that are capable of reliable long-term production like our Battle Creek facility.
“New sources of helium production must start with a discovery. As a result of three major global helium shortages over the past 15 years, a number of smaller helium fields discovered by oil and gas explorers in the 1950s and 1960s have been produced, but these fields are now depleted. New discoveries are needed, and our Company is proud to be the leading explorer, leveraging seismic data from past oil and gas exploration efforts to economically explore for, discover, and develop new helium sources from deep fields of nitrogen gas, which have a much smaller emissions footprint than previous helium production as a hydrocarbon byproduct. We’ve come a long way in a short period of time, but I’m excited to say this is only just the beginning.”
Continued Expansion of Helium Focused Land Position
NAH has been able to build a world class land position in what the Company believes is the most economic jurisdiction in the world for new helium exploration and discovery, Saskatchewan, Canada. Politically safe, with a reliable regulatory environment, segregated mineral rights for helium, and road and power infrastructure already in place, Saskatchewan provides the ideal operating and business environment. The Company now holds over five million contiguous acres in Saskatchewan and approximately 63,000 acres in the US.
NAH was the first company to recognize the need for large scale exploration for new helium sources from nitrogen fields and has aggressively leveraged its proprietary exploration data and experience to identify and secure the most promising acreage over the past eight years. This irreplaceable asset base provides a platform for the Company to sustainably grow production and reserves for decades.
Most Active Helium Exploration and Drilling Company – Making New Discoveries
Since inception, NAH has been the most active helium driller globally, with 28 exploration and development wells drilled for non-hydrocarbon helium targets.
The Company has recently made a new helium discovery in the Cypress West area of Saskatchewan and is moving towards building a third helium production facility. NAH qualifies new discoveries as tested accumulations of gas that would lead to an economic outcome validated by a third-party reserve evaluator. Unstimulated well flow rates in this new field are as follows:
Table 1: Three-day Flow Test Data from Cypress West Discovery
Location |
Flow Rate (MMcf/d) |
Pressure (kPa) |
16-21-5-27W3M |
7.0 |
4000 |
2-35-5-27W3M (Zone 1) |
6.0 |
2300 |
2-35-5-27W3M (Zone 2) |
8.5 |
9000 |
16-35-5-27W3M |
5.4 |
5800 |
Note: MMcf/d is million cubic feet per day. |
||
Helium content in the tested wells ranges from 0.45% to 0.75% in a bulk gas stream of > 95% nitrogen. These results are consistent with previous NAH discoveries, allowing for long-term helium production with a small environmental footprint and a dramatically lower emissions profile than existing helium production from fields of primarily methane or CO2 gas.
Due to higher flow rates, higher pressure, and larger amounts of gas-in-place, these reservoirs have better economics than smaller, shallower, helium fields with higher helium content. However, the most significant benefit of having a much larger amount of bulk gas at higher pressure, is that these fields are better suited to provide the type of reliable, long-term production industry needs.
Commenting on NAH’s exploration efforts, Mr. Marlon McDougall, President and Chief Operating Officer stated, “The cornerstone of any successful exploration program is having a large contiguous land position to build from. We have identified greater than 130 new exploration opportunities based on almost 20,000 km of trade 2D seismic data we now have in-house, as well as proprietary and third-party 3D seismic data. This allows us to build a sustainable, growing supply base and an ability to contribute meaningfully to the North American helium economy.”
The Company plans to continue to have an active upstream capital investment program in 2021, advancing exploration and development work with ongoing seismic acquisition expected to result in the drilling of 10-15 additional wells through Q1 2022.
Helium Production
The Company recently commissioned and started production at its Battle Creek helium purification facility, the largest of its kind in Canada. Located near Consul, Saskatchewan, this is the Company’s second purification facility, and it was completed three months ahead of schedule and under budget despite an ongoing global pandemic. Combined with the Company’s first facility, total helium productive capacity is now approximately 60 million cubic feet per year (MMcf/y).
A critical Company milestone has been achieved with the commencement of helium sales from Battle Creek. Sustainable cash flow from operations is now at a level that is anticipated to allow NAH to self-fund exploration and development drilling programs going forward.
Engineering and design for the next plant at Cypress West is well under way and we expect production from this discovery to come online in 2022.
Green Helium Supply
Helium fields in Saskatchewan are found predominantly in nitrogen charged reservoirs. Nitrogen is a safe and inert gas that comprises approximately 78% of the earth’s atmosphere. Based on the full stream of gas produced, NAH estimates that its helium production will result in ~99% less CO2 equivalent emissions compared with current global sources of helium from hydrocarbon projects. In addition to less direct emissions from the produced gas stream, the high-pressure in the deeper fields NAH is targeting means less energy is required in processing and purification. Lower operating costs combined with not needing pipelines to deliver hydrocarbons gives nitrogen-based helium production facilities a significant economic advantage in addition to a much smaller environmental footprint.
Logistics and Marketing
The Company has been actively engaged in the logistics and marketing component of the helium supply chain for several years, establishing relationships, negotiating helium supply contracts, selling helium in the spot market, and gaining a clear understanding of how to provide the best total value to our offtake customers.
In February of this year, Mr. Brad Neuls joined NAH as Marketing and Logistics Manager and will also support the team in operations and exploitation. Brad most recently held the position of Senior Business Development Engineer and has extensive experience in commodity marketing, operations, and engineering in roles at intermediate and senior Canadian energy companies.
NAH recently purchased its own fleet of helium transportation trailers and possesses the logistical capability and relationships to ship helium direct to end-user customers anywhere in the world.
ABOUT HELIUM
Helium is an inert gas produced by the decay of uranium and thorium that can be trapped in underground reservoirs proximal to the source. Helium is vital in numerous high technology applications where there is often no substitute due to a combination of helium being chemically inert as well as its other unique physical properties. Helium's low boiling point makes it vital for the pressurization and purging of liquid fuels in rockets for the rapidly growing space exploration industry. Helium demand has been growing in semiconductor manufacturing due to its small molecular size and high heat capacity. Liquid helium is used extensively in MRI machines and other cryogenic applications for superconductors. The rapid advancement of small modular reactors (SMRs) for low carbon distributed power generation and direct hydrogen production are likely to be a significant demand driver in the future, as helium’s heat capacity and lack of radioactive isotopes make it the ideal, safe, and clean coolant.
ABOUT NORTH AMERICAN HELIUM INC.
Founded in 2013, North American Helium is a Canadian-based private helium exploration and production company. NAH is the only company to discover, develop, and bring onto production a new source of helium in North America in over 40 years. NAH has made four new discoveries of economically viable helium fields, with additional successful exploration wells that have flow tested high-rate helium/nitrogen gas streams in fields still under evaluation for economic potential. The company has acquired rights to explore for and produce helium on a land base of over five million contiguous acres, primarily in Saskatchewan, Canada and Utah, USA. The Company recently built and commenced production at Canada’s largest helium purification facility. The company’s mission is to support cutting-edge science and industry in North America by meeting the growing demand for helium with reliable, long-term, sustainable sources of production to replace declining helium supply from legacy hydrocarbon projects.
For more information please visit: https://nahelium.com
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Note: All financial figures are in Canadian dollars unless otherwise noted.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.
Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Growth depends on several factors including market conditions. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.
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West of Devers transmission line enhances reliability while expanding access to renewable energy, storage
ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison’s support of California’s clean energy goals hit a tangible milestone in May with the completion of upgrades to SCE’s West of Devers transmission lines. The project increases transmission capacity necessary to bring renewable generation — more than 7,000 megawatts of renewable and battery energy storage resources in the coming years — from desert areas in the eastern part of California to the population centers of the Inland Empire and San Gabriel Valley.
“Completing the West of Devers Project is another giant step in our ability to deliver clean energy throughout our service area,” said Kevin Payne, SCE president and CEO. “While distributed energy resources like rooftop solar and battery energy storage will contribute to decarbonizing our electric infrastructure, large-scale generation and reliable delivery of renewable energy will be vital to achieve California’s ambitious climate goals.”
The project consisted of removing and replacing conductors and supporting structures of four separate circuits of 220-kiloVolt transmission lines through the existing 48-mile corridor from the Devers substation near Palm Springs to the Vista and San Bernardino substations in Grand Terrace and San Bernardino, respectively — about 200 miles of power lines. It triples the capacity of power delivery from 1,600 MW to 4,800 MW, which helps with system reliability into the Southern California population centers during peak summer demand. It took many years of planning, siting, public engagement, licensing and construction to bring this project to fruition.
As part of the West of Devers Project, SCE entered into a transaction with Morongo Transmission for it to invest in the project, which allowed SCE to build the project across the Morongo Indian Reservation. The total cost of the project was $740 million, with Morongo Transmission expected to invest $400 million later this year (upon regulatory approval).
SCE applied in 2013 to the Federal Energy Regulatory Commission and the California Public Utilities Commission requesting approvals to build the project. In 2017, the company received all necessary environmental permits and regulatory approvals to start construction, which began in early 2018. West of Devers went into service about five months before its originally projected timeframe.
“The ability to achieve commercial operation ahead of schedule is a testament to the commitment and dedication of all the project team members and the multitude of stakeholders who contributed to the project’s success,” said Chuck Adamson, principal manager of Major Construction for SCE. “With the complexities that accompany a modern-day transmission project, this achievement cannot be overstated.”
SCE built the project in an environmentally beneficial way by rebuilding within a corridor containing existing transmission lines, despite the unique operational challenges of this approach. The project spans several Riverside and San Bernardino communities, including Banning, Beaumont, Calimesa, Colton, Grand Terrace, Loma Linda, Redlands and other unincorporated areas of Riverside and San Bernardino counties. The corridor also passes through the reservation trust land of the Morongo Band of Mission Indians, a key partner with SCE in its bid to obtain environmental permits.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Media Contact: David Song, (626) 302-2255
Investor Relations Contact: Sam Ramraj, (626) 302-2540
ISS Highlights that KVH’s Strategy Is Working and That VIEX Has Not Made a “Sufficiently Detailed and Compelling” Case for Change
KVH Encourages All Shareholders to Vote for Both Nominees on the BLUE Card
MIDDLETOWN, R.I.--(BUSINESS WIRE)--KVH Industries, Inc., (Nasdaq: KVHI) (“KVH” or the “Company”), today announced that leading proxy advisory firm Institutional Shareholder Services (“ISS”) has recommended that KVH shareholders vote FOR the Company’s two highly qualified candidates – Cielo Hernandez and Cathy-Ann Martine-Dolecki – to the Board of Directors (the “Board”) on the BLUE proxy card ahead of KVH’s Annual Meeting of Shareholders to be held on June 17, 2021.
In its report, ISS specifically highlighted that KVH’s strategy is working:1
Regarding VIEX’s lack of a plan or ideas for how to improve KVH’s performance, ISS notes:1
On behalf of the Board, Martin Kits van Heyningen, KVH’s chairman and chief executive officer, commented, “ISS’s recommendation further supports what we have been saying for some time: our strategy is working and now is not the time to disrupt our positive momentum. By voting on the BLUE card FOR our two highly qualified candidates – Cielo Hernandez and Cathy-Ann Martine-Dolecki – we believe shareholders have the opportunity to meaningfully enhance our Board and further our goal of delivering long-term value. We look forward to continuing to engage with our fellow shareholders and are confident that KVH is on the right course.”
KVH ENCOURAGES SHAREHOLDERS TO VOTE ON THE BLUE PROXY CARD TODAY
For additional information, please visit www.ProtectKVH.com.
About KVH Industries, Inc.
KVH Industries, Inc., is a global leader in mobile connectivity and inertial navigation systems, innovating to enable a mobile world. The market leader in maritime VSAT, KVH designs, manufactures, and provides connectivity and content services globally. KVH is also a premier manufacturer of high-performance sensors and integrated inertial systems for defense and commercial applications. Founded in 1982, the Company is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and Tinley Park, IL, and more than a dozen offices around the globe.
KVH is a registered trademark of KVH Industries, Inc.
Additional Information and Where to Find It
The Company has filed a definitive proxy statement and a form of associated BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Company’s 2021 Annual Meeting of Stockholders (the “Definitive Proxy Statement”). THE COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING BLUE PROXY CARD AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The Company’s stockholders may obtain the Definitive Proxy Statement, any amendments or supplements to the Definitive Proxy Statement and other documents filed by the Company with the SEC free of charge at the SEC’s website at www.sec.gov. Copies are also available free of charge at the Company’s website at www.kvh.com.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company’s stockholders in connection with the matters to be considered at the Company’s 2021 Annual Meeting of Stockholders. Information about the Company’s directors and executive officers is available in the Definitive Proxy Statement filed with the SEC on May 17, 2021 and, with respect to directors and executive officers appointed following such date, will be available in certain of the Company’s other SEC filings made subsequent to the date of the Definitive Proxy Statement. To the extent holdings of the Company’s securities by such directors or executive officers have changed since the amounts printed in the Definitive Proxy Statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.
Forward-Looking Statements
Certain statements in this communication constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “may increase,” “may fluctuate,” “will,” “should,” “would,” “may” and “could” or similar words or expressions are generally forward-looking in nature and not historical facts. Any statements that refer to outlook, expectations or other characterizations of future events, circumstances or results are also forward-looking statements. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are specified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for any subsequent periods under headings such as “Cautionary Statement Regarding Forward-Looking Information,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in other filings and furnishings made by the Company with the SEC from time to time. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
1 Permission to quote from the ISS report was neither sought nor obtained. Emphasis added.
Media:
Sloane & Company
Dan Zacchei / Joe Germani
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Investors:
D.F. King & Co., Inc.
Edward McCarthy
(212) 269-5550
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will host virtual meetings during the 2021 Bank of America Energy Credit Conference taking place June 9-10, 2021. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Additional information concerning Martin Midstream is available on its website at www.MMLP.com, or by contacting:
MMLP-E
Sharon Taylor – Chief Financial Officer
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(877) 256-6644
LOS ANGELES--(BUSINESS WIRE)--#ESG--Fisker Inc. (NYSE: FSR) (Fisker) – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – today stated its aim to produce a climate neutral vehicle by 2027. In line with its environmental, social and governance (ESG) strategy announced on May 6, 2021, Fisker will not purchase offsets to achieve this goal. The company seeks to utilize only climate neutral materials in products and use only climate neutral services to support the business.
"We plan to radically disrupt the mobility industry by setting an ambitious goal for ourselves: to produce a climate neutral vehicle by 2027. We put people and the planet at the forefront of our mission, ensuring a cleaner future for all," says Fisker Chairman and CEO, Henrik Fisker. "The company recognizes the challenges of producing and delivering products without creating greenhouse gas (GHG) emissions. The supply chains of suppliers and logistics partners may contain offsets to achieve climate neutrality."
To understand the true environmental impact of its products and achieve a climate neutral vehicle, Fisker will continuously analyze, study, measure and innovate all five phases of a vehicle life cycle. These include sourcing, manufacturing, logistics, use phase and end-of-life recycling and reuse.
Enhancing this effort is the company's proprietary product development system known as Fisker-Flexible Platform Adaptive Design (FF-PAD), which drives continuous improvements across critical areas of product development. These include minimizing the Bill of Materials (BOM), developing emission-free products with finished goods suppliers, maximizing the use of rail and electric-powered transport and reducing combustion and energy intensity in recycling. Fisker is working closely with manufacturing partners Magna and Foxconn to support this initiative.
"As Fisker develops its emissions-free products, the company will endeavor to promote a circular economy by sourcing recycled materials and remanufactured components – and work to utilize public charging points running on 100% renewable energy," added Mr. Fisker. "We will prioritize partners with stated pledges to achieve climate neutrality. We already deployed cross-company teams focused on sourcing climate positive materials and critical components such as aluminum, steel, electronics and lithium-ion batteries from companies with carbon-neutral commitments."
This initiative will be discussed in detail during the company’s Annual Stockholders Meeting tomorrow, June 8, 2021, at 11 a.m. ET / 8 a.m. PT. Access the event here.
For more information about the climate neutral vehicle goal, please go to our new webpage.
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About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn.
Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the quotations of our Chief Executive Officer and statements regarding the Company's future performance, the Company's aim to produce a climate neutral vehicle by 2027, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, as amended, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as may be supplemented by Quarterly Reports on Form 10-Q and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Fisker Inc.
Simon Sproule, SVP, Communications
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Rebecca Lindland, Director, Communications
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Dan Galves, VP, Investor Relations
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Various Programs Provide Rebates, Offer Leases or Supply Free No-Cost Batteries for Low-Income Customers Using Medical Devices
There’s Even a Program for Customers Who Can Pair Home Battery Storage Systems with Rooftop Solar
SAN FRANCISCO--(BUSINESS WIRE)--There are several easy-to-use programs available to assist customers during a Public Safety Power Shutoff (PSPS) which occurs during severe weather to prevent wildfires. For those customers who need electricity for very specific needs, such as charging and operating medical devices or running their well pumps, having a battery or generator option becomes a vital solution to lessening or overcoming the impacts of a PSPS.
And that’s why PG&E offers numerous programs that enable many of our customers to obtain discounted or free backup batteries. And the best time to look into those programs to see if you qualify and to get a battery in place is now, before the start of California’s wildfire season when a PSPS most typically happens.
“Our most important responsibility is the safety of our customers and our local hometowns. Providing help to customers investing in backup power and/or battery storage is one way we can help. We continue to update our programs and support to enhance access to backup power for customers to keep essential devices such as medical equipment and electric well pumps powered during PSPS events,” said Marlene Santos, PG&E’s Chief Customer Officer.
PG&E encourages qualified customers to take advantage of the following programs:
PG&E understands how disruptive it is for our communities to be without power and continues to provide more help to customers with disabilities, hardships, language barriers and other needs. For more information, visit pge.com/psps and pge.com/homebattery.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
NEW YORK--(BUSINESS WIRE)--Climate Change Crisis Real Impact I Acquisition Corporation (NYSE: CLII) (“CRIS”), a publicly-traded special purpose acquisition company, reminds its stockholders to vote in favor of the previously announced business combination (the “Business Combination”) with EVgo Services LLC (“EVgo”), the nation’s largest public fast charging network for electric vehicles (“EVs”) and first powered by 100% renewable electricity. CRIS has developed a web page, available at https://www.climaterealimpactsolutions.com/cris1-vote, providing additional information on how stockholders of record as of the close of business on May 19, 2021 (the “Record Date”), may vote their shares. Stockholders who owned common stock of CRIS as of the Record Date continue to have the right to vote their shares, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.
The special meeting to approve the pending Business Combination (the “Special Meeting”) is scheduled to be held on June 29, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/climatechangecrisisrealimpacti/2021.
Every stockholder’s vote is important, regardless of the number of shares held. Accordingly, all CRIS stockholders who held shares as of the Record Date who have not yet voted are encouraged to do so as soon as possible and by no later than 10:00 a.m. Eastern Time on June 29, 2021. For the avoidance of doubt, CRIS stockholders who owned shares as of the Record Date and subsequently sold all or a portion of their shares are STILL entitled to vote, and are encouraged to do so. CRIS’s board of directors recommends you vote “FOR” the Business Combination with EVgo and “FOR” all of the related proposals described in the definitive proxy statement on Schedule 14A (the “Proxy Statement”) filed by CRIS with the Securities and Exchange Commission (“SEC”) on May 27, 2021.
These are the two easiest and fastest ways to vote – and they are both free:
Additionally, you can also vote by mail:
YOUR CONTROL NUMBER IS FOUND ON YOUR VOTING INSTRUCTION FORM. If you did not receive or misplaced your Voting Instruction Form, contact your bank, broker or other nominee to obtain your control number in order to vote. A bank, broker or other nominee is a person or firm that acts as an intermediary between an investor and the stock exchange who can help you vote your shares.
If any individual CRIS stockholder has not received the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement’s status with his or her broker or (ii) contact Morrow Sodali LLC, CRIS's proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.
Important Information and Where to Find It
In connection with the proposed Business Combination between EVgo and CRIS and related transactions (the “Proposed Transactions”), CRIS has filed the Proxy Statement with the SEC, which was distributed to holders of CRIS’s common stock in connection with CRIS’s solicitation of proxies for the vote by CRIS’s stockholders with respect to the Proposed Transactions and other matters as described in the Proxy Statement. Investors and security holders and other interested parties are urged to read the Proxy Statement, and any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CRIS, EVgo and the Proposed Transactions. Investors and security holders may obtain free copies of the Proxy Statement and other documents filed with the SEC by CRIS through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie Center, Suite 150, Princeton, New Jersey 08540. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
CRIS and EVgo and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transactions. Information about the directors and executive officers of CRIS and EVgo is set forth in the Proxy Statement. Stockholders, potential investors and other interested persons should read the Proxy Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
Forward Looking Statements
Certain statements in this press release that are not historical facts may constitute forward-looking statements are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, regarding CRIS’s proposed business combination with EVgo, CRIS’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CRIS and EVgo and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CRIS or EVgo. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of CRIS or EVgo is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to EVgo; the amount of redemption requests made by CRIS’s stockholders; the overall level of consumer demand for EVgo’s products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of EVgo’s customers; EVgo’s ability to implement its business strategy; changes in governmental regulation, EVgo’s exposure to litigation claims and other loss contingencies; disruptions and other impacts to EVgo’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; stability of EVgo’s suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 pandemic; the impact that global climate change trends may have on EVgo and its suppliers and customers; EVgo’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, CRIS’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect CRIS’s or EVgo’s financial results is included from time to time in CRIS’s public reports filed with the SEC, as well as the Proxy Statement that CRIS has filed with the SEC in connection with CRIS’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CRIS’s or EVgo’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CRIS nor EVgo presently know, or that CRIS and EVgo currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CRIS’s and EVgo’s expectations, plans or forecasts of future events and views as of the date of this press release. CRIS and EVgo anticipate that subsequent events and developments will cause their assessments to change. However, while CRIS and EVgo may elect to update these forward-looking statements at some point in the future, CRIS and EVgo specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CRIS’s or EVgo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
About CRIS
CRIS is a special-purpose acquisition company (“SPAC”) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. CRIS is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (“PIMCO”), which has more than $640 billion in sustainability investments across its portfolios. CRIS is led by a seasoned operations and leadership team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power. For more information, please visit www.climaterealimpactsolutions.com/.
About EVgo
EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s charging network serves over 65 metropolitan areas across 34 states, owns and operates the most public fast charging locations in the US. and serves more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with CRIS (NYSE: CLII). For more information visit evgo.com and lspower.com.
CRIS
For Investors:
Dan Gross
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For Media:
Isaac Steinmetz
Director of Media Relations
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646-883-3655
EVgo
For Investors:
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LS Power
Steven Arabia
Director, Government Affairs & Media Relations
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609-212-3857
Mariposa County Remote Grid is PG&E’s First Such Deployment, Others in Development
BRICEBURG, Calif.--(BUSINESS WIRE)--Today, Pacific Gas and Electric Company (PG&E) marked the commissioning of its first hybrid renewable standalone power system, built and installed by BoxPower Inc. The remote grid permanently replaces the overhead distribution powerlines that once served a handful of customers in a High Fire-Threat District (HFTD) area of the Sierra Nevada foothills outside Yosemite National Park, improving reliability and significantly reducing wildfire risk.
As detailed in PG&E’s 2021 Wildfire Mitigation Plan, a stand-alone power system offers a new approach to utility service. The Briceburg system uses solar combined with battery energy storage and backup propane generation. It provides permanent energy supply to remote customers as an alternative to hardened poles and wires.
The approach has potential use in other areas as well. Throughout PG&E’s service area, isolated pockets of remote customers are served via long electric distribution lines that in many cases traverse through HFTD areas. Replacing these long distribution lines with a reliable and low-carbon local energy source is an innovative option that has now become feasible.
“PG&E is eager to deliver the benefits of remote grids to our customers, and we intend to expand the use of stand-alone power systems as an alternative to certain existing distribution lines, providing enhanced reliability with a lower risk profile and at a lower total cost,” said Jason Glickman, PG&E’s Executive Vice President, Engineering, Planning and Strategy.
Briceburg Remote Grid
In Mariposa County, five customer sites lost power in the Briceburg Fire of 2019 when the line serving them was destroyed. The historical line route is challenging to rebuild through the last 1.4 miles of rugged, HFTD terrain. Since then, PG&E has provided temporary generation to meet local customer power needs.
Now, with the commissioning of this new decentralized stand-alone power system, PG&E is transitioning to a hybrid renewable solution. This option will reliably repower these customers without the need to rebuild the overhead line, and the remote grid is intended to meet customer needs at lower lifetime costs and a significantly lower risk of fire.
The PG&E customers receiving electric service from the Briceburg Remote Grid include two residences, a visitor center, and telecommunications and transportation facilities.
This Briceburg system is owned by PG&E and designed, installed, and maintained under contract to PG&E by BoxPower.
The system provides up to 89% renewable energy annually, generated by a BoxPower SolarContainer™ and an auxiliary ground-mounted solar array with a total nominal photovoltaic (PV) capacity of 36.5 kW DC.
In addition to the container-mounted PV array, the SolarContainer™ includes a 27.2 kW / 68.4 kWh lithium ferro phosphate battery energy storage system that was prefabricated at the BoxPower facility in Grass Valley, Calif., before being transported to the site.
The system also includes two integrated 35 kW propane generators for backup power, and a fire suppression system to protect the hardware and facility.
Testing initially took place in BoxPower’s Grass Valley facility, and subsequently on-site in Briceburg with assistance from PG&E, Underwriters Laboratories (UL), and Generac representatives. The extensive inspection, testing, and commissioning process included:
PG&E and BoxPower will be able to monitor and control the system via satellite and cellular connectivity, with capabilities for remote performance management, safety diagnostics, alarms, reporting, and automated refueling notifications.
“BoxPower is proud to play an important role in bringing clean, reliable, and fire-safe power to rural energy consumers through our work with PG&E and other utility companies,” said Angelo Campus, BoxPower’s Chief Executive Officer. “PG&E is leading the industry shift in California in terms of using remote grids specifically for wildfire mitigation purposes. PG&E’s example is one that other utilities in the state and across the West may be eager to follow in the face of worsening drought and extreme wildfire conditions.”
The containerized microgrid system is designed for rapid deployment and scalability, streamlining future replication at similar sites.
Expanding Deployment of Remote Grids
The Briceburg system along with other initial projects will enable PG&E to determine an appropriate expansion of remote grids using standalone power systems to support wildfire mitigation efforts.
PG&E has identified hundreds of potential locations for remote grids and is targeting up to 20 operational remote grid sites by the end of 2022.
Additional remote grid sites are currently being assessed across HFTDs in PG&E’s service area including El Dorado, Mariposa, Tulare, and Tehama counties.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
About BoxPower
BoxPower provides clean, reliable, and affordable energy to rural consumers. BoxPower’s ecosystem of software and hardware solutions optimize the performance and accelerate the deployment of microgrids. From energy audit to operation, BoxPower provides turnkey engineering, construction, and management services. For more information, visit boxpower.io.
MEDIA RELATIONS:
415-973-5930
Commits to sourcing 100% renewable electricity and reducing 50% of greenhouse gas emissions from facilities by 2030
WILMINGTON, Mass.--(BUSINESS WIRE)--$CRL #LIFEatCRL--Charles River Laboratories International, Inc. (NYSE: CRL) today announced a long-term solar energy contract to address the entirety of the Company’s North American electric power requirements with clean, renewable energy by 2023.
Charles River and Duke Energy Sustainable Solutions* have entered into a 15-year, 102 megawatt (MW) virtual power purchase agreement (VPPA). Charles River’s portion of the 250 MW Pisgah Ridge Solar project, which is located in Navarro County, Texas, will generate approximately 250,000 MW hours (MWh) of clean energy each year, which is the equivalent of avoiding carbon dioxide emissions from the annual electricity use of more than 20,000 homes.
The Pisgah Ridge Solar project has been developed and is owned by Duke Energy Sustainable Solutions. The project is under construction and expected to achieve full commercial operations by year-end 2022, and to begin providing Charles River with the corresponding renewable energy benefits in 2023.
Charles River’s Sustainability Initiatives
This VPPA is a significant step forward on the Company’s path towards achieving 100% renewable electricity globally by 2030, in cooperation with the RE100. Once the Pisgah Ridge Solar project is online, Charles River will be supplied by approximately 60% renewable electricity globally. Additionally, the VPPA will support Charles River’s efforts to limit climate change to 1.5 degrees Celsius as evidenced by participation in the Science-based Targets Initiative (SBTi) and Business Ambition for 1.5°C. Charles River has established goals to:
Additionally, in late 2019, the Company announced the creation of the Charles River Sustainability Capital Fund, a $5 million annual commitment to fund sustainability projects to reduce environmental impact of the Company’s global sites.
Charles River was advised on the VPPA by Schneider Electric, who assisted the Company in its project selection and negotiations. To learn more about Charles River’s sustainability efforts visit its Corporate Citizenship page. The Company’s Corporate Citizenship Report is available here and discloses the most up-to-date Environmental, Social and Governance (ESG) information, including a GRI Content Index and ESG performance data table.
Approved Quotes
About Charles River
Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our dedicated employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them. To learn more about our unique portfolio and breadth of services, visit www.criver.com.
About Duke Energy Sustainable Solutions
Duke Energy Sustainable Solutions (DESS) is a nonregulated commercial brand of Duke Energy (NYSE: DUK) – a Fortune 150 company and one of the largest energy holding companies in the U.S. – headquartered in Charlotte, N.C.
Duke Energy Sustainable Solutions is a leader in sustainable energy, helping large enterprises reduce power costs, lower emissions and increase resiliency. The team provides wind, solar, resilient backup power and managed energy services to over 1,000 projects across the U.S., with a total electric capacity of more than 5,100 megawatts of nonregulated renewable energy. Visit Duke Energy Sustainable Solutions and follow on LinkedIn and YouTube for more information.
Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
* Duke Energy Sustainable Solutions is a non-regulated commercial brand of Duke Energy Corporation, which includes the following subsidiaries of Duke Energy Corporation that are registered to transact business in various states and may be branded as Duke Energy Sustainable Solutions for marketing purposes: Duke Energy One, Inc.; Duke Energy Commercial Enterprises, Inc.; Duke Energy Renewables, Inc.; Duke Energy Renewables Commercial, LLC; Duke Energy Renewable Services, LLC.; Duke Energy Renewables Storage, LLC; Duke Energy Renewables Wind, LLC.; Duke Energy Renewables Solar, LLC.; and REC Solar Commercial Corporation.
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to do more with less, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate with our Meaningful Purpose, Inclusive and Empowered values.
Investors:
Todd Spencer
Corporate Vice President, Investor Relations
781-222-6455
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Media:
Amy Cianciaruso
Corporate Vice President, Public Relations
781-222-6168
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RIDGEWOOD, N.J.--(BUSINESS WIRE)--Scale Microgrid Solutions (“Scale”), a Warburg Pincus portfolio company, announced today that it has acquired a distributed energy microgrid that powers three key municipal facilities in Bridgeport, Connecticut. Commissioned in 2018, the microgrid provides year-round clean energy to Bridgeport’s City Hall, Police Headquarters and Eisenhower Senior Center through a comprehensive, twenty-year Energy Services Agreement with the City.
The microgrid is a Combined Heat and Power (“CHP”) system that consists of three 265 kW natural gas-fired reciprocating engines, a 250 kW diesel-fired standby generator, and a 200-ton absorption chiller. The system utilizes these components to simultaneously produce electricity, heat, and chilled water, significantly improving energy efficiency and reducing greenhouse gas emissions. The microgrid also includes multiple design redundancies that enable fail-safe operations in the event of an extreme weather or other emergency blackout event, providing additional resilience for the City’s critical infrastructure facilities.
Scale is uniquely qualified to ensure the continued maintenance and performance of this system. The collective experience of Scale’s leadership includes designing, financing, building, and commissioning microgrids and renewable energy projects across the United States. Scale’s projects serve the mission critical infrastructure needs of customers ranging from indoor agriculture to municipalities.
“Announcing this transaction highlights our integrated M&A, financing, asset management and operational capabilities in a way that sets us apart from our peers,” said Julian Torres, Chief Investment Officer at Scale Microgrid Solutions. “We will build on this success and continue to commit capital to finance microgrids and distributed energy infrastructure more broadly.”
This acquisition showcases one example of how Scale partners with developers, owners, and operators - utilizing Scale’s balance sheet and project financing expertise to bring distributed energy projects to fruition. Ryan Goodman, CEO and Co-Founder, adds, “Scale is investing hundreds of millions of dollars to acquire and optimize distributed energy resources, including those currently in commercial operations or in late-stage development. This acquisition is the first of many that we look forward to announcing soon.”
About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers to take charge of their energy infrastructure and future-proof their businesses.
Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
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BURLINGTON, Vt.--(BUSINESS WIRE)--$ISUN #EV--iSun, Inc. (Nasdaq: ISUN) (“ISUN” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, announced today that iSun is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
https://content.ftserussell.com/sites/default/files/russell_microcap_additions_-_2021.pdf
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Jeffrey Peck, iSun’s Chief Executive Officer, commented, “We entered the public markets by a SPAC merger in 2019, and have successfully completed our deSPAC process with the redemption of all public warrants earlier this year. We recognized our immense opportunity in the renewable energy sector and set on a growth path in the public markets to execute our strategy of organic growth, accretive M&A, and asset ownership for recurring revenue. We have made substantial progress with our recently stated $81 million project backlog, our acquisition of iSun Energy is proving to be accretive, and our revenue generating asset portfolio is growing. We are very proud to be included in the Russell Microcap® Index as recognition that our growth efforts since 2019 have been producing positive results.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
ABOUT iSun
Headquartered in Burlington, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging to large utility renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 400 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 76,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com
ABOUT FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.
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Michael d’Amato
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 16, 2021.
J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees.
The Corporation's presentation will be webcasted and is scheduled to be accessible at 8:00 am EDT on June 16, 2021, on the IDEAS conference website at www.IDEASconferences.com. In addition, an archive of the webcast and presentation materials will be available on the Investors section of the Corporation's website at http://ampcopgh.com/earnings-webcasts/ following the live event.
Mr. McBrayer and Michael McAuley, Senior Vice President, Chief Financial Officer and Treasurer, will also be participating in virtual one-on-one meetings. If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or This email address is being protected from spambots. You need JavaScript enabled to view it..
About IDEAS Investor Conferences
The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are "SPONSORED BY INVESTORS. FOR INVESTORS." and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Fidelity Investments, First Wilshire Securities Management, Inc., Gamco Investors, Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, GRT Capital Partners, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, Perritt Capital Management, Punch & Associates, Westwood Holdings Group, Inc., and William Harris Investors.
The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, United Kingdom, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by or on behalf of Ampco-Pittsburgh Corporation (the "Corporation"). This press release may include, but is not limited to, statements about operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "will," "intend," "believe," "expect," "anticipate," "estimate," "project," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); changes in the existing regulatory environment; new trade restrictions and regulatory burdens associated with "Brexit"; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation's operations and strategic plan; inoperability of certain equipment on which the Corporation relies; work stoppage or another industrial action on the part of any of the Corporation's unions; liability of the Corporation's subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of those subsidiaries; inability to satisfy the continued listing requirements of the New York Stock Exchange or NYSE American; failure to maintain an effective system of internal control; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation's latest Annual Report on Form 10-K. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Melanie L. Sprowson
Director, Investor Relations
(412) 429-2454
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Tom McCormick, President and Chief Executive Officer, and Ken Dodgen, Chief Financial Officer, will participate in the UBS Global Industrials & Transportation Virtual Conference on Wednesday, June 9, 2021, and the Stifel Virtual Cross Sector Insight Conference on Thursday, June 10, 2021.
A copy of the Company’s presentation will be posted to the Investor Relations section of the Primoris website, www.primoriscorp.com, before the opening of trading on the NASDAQ on the day of each presentation.
ABOUT PRIMORIS
Founded in 1960, Primoris is one of the leading providers of specialty contracting services operating throughout the United States and Canada. Primoris provides a wide range of specialty construction services, fabrication, maintenance, and engineering services to a diversified base of blue-chip customers. For additional information, please visit www.primoriscorp.com.
Brook Wootton
Vice President, Investor Relations
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